Flextronics International Ltd. (FLEX) has been under a strong bear grip, hence the stock is down -1.3% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.26% in the past 1 week. The stock has risen by 0.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.92% in the past 4 weeks.
Flextronics International Ltd. is up 4.21% in the last 3-month period. Year-to-Date the stock performance stands at 14.9%. The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 1.91%.
Flextronics International Ltd. (NASDAQ:FLEX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.74 and $12.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.88, notching a gain of 1.02% for the day. The total traded volume was 1,750,017 . The stock had closed at $12.75 on the previous day.
Also, Equity analysts at the Brokerage firm Standpoint Research downgrades its rating on Flextronics International Ltd. (NASDAQ:FLEX). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 24, 2016.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).